She has been selling clothing (traditional color “pagnes” fabric) for the last three years. She stocks up at the Sector 10 market. Her clients are both men and women. She would like to increase her working capital to buy a bale of “pagnes” fabric. She would like to use her savings to help pay for her children’s education and to put money away. Her goal is to open a big store selling “pagnes” and help with the construction of the family home.
Elle vend des habits (pagnes) depuis 03ans. Mme s’approvisionne au marché du secteur 10.Ses clients sont les femmes et les hommes.
Mme veut ajouter de l’argent pour s’acheter une balle de pagnes.
Mme avec ses économies veut participer à la scolarisation de ses enfants et épargner. Elle ambitionne ouvrir un grand magasin de pagne et aider à la construction de leur maison.
About Micro Start/AFDThis loan is administered by Micro Start/AFD, Kiva’s first Field Partner in Burkina Faso. Micro Start/AFD’s mission is to improve families' living conditions in general, and those of women in particular, by facilitating access to financial and non-financial services.
Micro Start/AFD is a professional microfinance institution offering financial services, advice, and training. One of the organization’s principal aims is to collect obligatory and voluntary savings that foster clients’ financial independence. Micro Start/AFD also focuses on building female entrepreneurs’ skills in management and business administration and improving the living conditions in its clients’ communities. More information can be found on Micro Start’s Kiva Field Partner Page.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
About Burkina Faso
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Success!! The loan was 100% repaid